Buying Coastal Wetlands From Developers

A new California bond measure would allocate $3.4 billion to allow the state to buy back coastal wetlands and watersheds from developers.

1 minute read

August 5, 2002, 5:00 AM PDT

By Chris Steins @planetizen

"The campaign for a massive statewide water bond measure is being bankrolled by developers who could reap hundreds of millions of dollars selling environmentally sensitive land to the state should it pass in November.... However, a Southern California developer who asked not to be named said, 'It makes perfect sense: All those projects are being tormented; if you don't want us to build, buy the property.'"

Thanks to Laura Kranz

FULL STORY: Bond Would Buy Out Developers

Sunday, August 4, 2002 in The Los Angeles Times

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